The university degree is dead

The Money Show’s Bruce Whitfield interviewed Dion Chang, founder of Flux Trends.

Chang argued that the university degree is dead.

He gave the following five reasons for saying so:

  • In terms of scarcity; degrees have become more common, therefore less valuable in economic terms.

  • Degrees cost more today, but are worth less. The debt repayments versus future income simply don’t add up.

  • Modern businesses don’t consider degrees essential anymore (last year accountancy firm EY announced in London that it will no longer consider degree or A-level results when assessing potential employees).

  • The new HR mantra of “hire for attitude and retrain for skills” (this puts into question the link between tertiary education and what the changing job market requires).

  • The growing divide between “legacy companies” and new, agile “responsive companies”. Legacy HR models tend to value “managers” – people with graduate degrees from prestigious business schools. In a “responsive company” the emphasis on people is all about making and learning. "Makers” are people who have skills - as opposed to credentials. They think by doing: experimenting, testing, and learning.

Listen to the interview below for more detail.

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

Read More
Get the best money news/advice/interviews every Friday in your inbox (it’s FREE)

Get the best money news/advice/interviews every Friday in your inbox (it’s FREE)

Fan of The Money Show? Sign up for a newsletter containing the 10 most-read articles of the week. Here’s what you’ll be getting…

How to improve your credit score

How to improve your credit score

A listener wants to know how to improve his credit score (which she assumes is not bad).

How to get funding for your business (or project)

How to get funding for your business (or project)

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.

Earn peanuts? How to best invest very small amounts...

Earn peanuts? How to best invest very small amounts...

Got a spare R200 or R300 a month? Here’s how to make that money work hard and grow…

‘Converting words into action is a challenge’ – Pravin Gordhan (from the WEF)

‘Converting words into action is a challenge’ – Pravin Gordhan (from the WEF)

The Money Show’s Bruce Whitfield interviews Finance Minister Pravin Gordhan who is at the World Economic Forum in Davos.

Dion Chang can spot a trend a mile away (and made doing so his business)

Dion Chang can spot a trend a mile away (and made doing so his business)

Meet fashion icon Dion Chang, one of South Africa’s most celebrated trend analysts, and learn where our brave new world is headed.

Popular articles
'People are in pain! They want to see AB play Test Cricket!' - Neil Manthorp

'People are in pain! They want to see AB play Test Cricket!' - Neil Manthorp

John Maytham interviews famed cricket correspondent Neil Manthorp.

Culprits spotted deliberately starting fires in the Cape

Culprits spotted deliberately starting fires in the Cape

Chief Fire Officer at Overberg District Municipality says arson is a problem they are all too familiar with.

Exasperated listener (and Kuga owner) recounts shocking service from Ford

Exasperated listener (and Kuga owner) recounts shocking service from Ford

It’s getting worse and worse for Ford, as this report of shocking service shows. John Maytham interviews a frustrated listener.